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One reason the Pennsylvania Railroad went broke

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<p>[quote user="narig01"]</p> <p> </p> <blockquote> <div><img src="/TRCCS/Themes/trc/images/icon-quote.gif" /> <strong>UP 4-12-2:</strong></div> <div> <blockquote> <div><img src="/TRCCS/Themes/trc/images/icon-quote.gif" /> <strong>narig01:</strong></div> <div> <p>Greyhounds or Mr North:   A question</p> <p>If Al Perlman had run Penn Central after the merger could he have pulled it off.  With or without Blevens (the CFO or treasurer I think)  money support?    </p> <p>Try to remember he started the Rio Grande to out hustle UP.  And he was starting to do that at the New York Central.  </p> <p>Thx IGN</p> </div> </blockquote> <p>If you research this farther, you will find that Penn Central forced Perlman and his associates out.  The reasons involved were complex to say the least, but it seems that there were a number of utterly incompetent managers in Penn Central</p> <p>Some loved him; some did not--but he did know how to run a railroad.</p> <p>John</p> <div style="clear:both;"></div> <p> </p> </div> </blockquote> <p>    My original question was what if Al Perlman had run the combined Penn Central,</p> <p> </p> <p>Could he have made it work?    Try to remember some of the talent he would have had.  Jim Hagen(I think) Mike Flanery,  Jim McClellan to name a few.</p> <p>Thx IGN [/quote]</p> <p>Loving addresses the Perlman issue in <i>The Men Who Loved Trains</i>, which I referenced earlier.  It has been approximately a year since I read the book, but I believe he concluded that Perlman would have had a dramatic impact on the combined Central/PRR, but in any case regional economics as well as two extremely different corporate cultures were working against the merger.  Making the Central and Pennsy merger work would have been a daunting task.  </p> <p>Perlman, if I remember correctly, wanted to merge the Central with the C&O, which he believed would be a better fit.  </p>
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